Spring is home renovation season! Americans are moving less frequently, which means it makes sense to invest in the beauty and comfort of your home. If you’re thinking of upgrading your place, one of the things you’ll think about is which renovation projects deliver the most satisfying results?
Every year, Realtor.com, CNBC, and other media outlets assess which remodeling projects deliver the best return on investment, in terms of resale value as well as home owner happiness. They note that while overall ROI is down slightly compared to last year, nearly 70% of homeowners report that they’re pleased they made the decision to upgrade their home.
Which type of projects are most satisfying? In 2020, the exterior of the home is getting a lot of attention. Whether that means replacing your tired out vinyl siding or opting to have a deck put on, curb appeal is a top consideration for Billerica homeowners.
Other top winners? Not surprisingly – the kitchen renovation. Kitchens age faster than any other room in the house, due largely to changes in technology and the way we feel about colors, finishes, and styles over the course of time. On average, kitchen renovations happen every 10-15 years. The price of the average kitchen renovation has actually dipped slightly, as property owners are opting for sustainable, easy-to-clean finishes rather than more costly, luxurious options.
Windows and doors made a surprise appearance on this year’s list, edging out bathroom renovations. The reason why? Energy efficiency and security. Today’s homeowners are keenly aware of economic pressures. Any home improvement that will help them save money on home heating and cooling costs makes sense. Replacement windows are an obvious choice. Front doors are also a great upgrade, especially when they boost the home’s style as well as its energy efficiency.
Have questions about your Billerica home remodeling options? We’re here to help!